36 OF 50 QUESTIONS

Contemporary American socialists favor:

A. Public ownership characterized by government-owned and controlled businesses and factories.
B. Dismantling the New Deal welfare state.
C. A massive public works program for rebuilding America's infrastructure.
D. Increasing the work week to 45 hours to encourage economic growth.



Answer :

Final answer:

Contemporary American socialists advocate for public ownership of resources to achieve equality of outcome and advocate for a revised economic system with a mix of state ownership, cooperatives, municipal ownership, and private enterprise.


Explanation:

Contemporary American socialists currently favor a system that involves public ownership of productive resources, aiming for a more equitable distribution of wealth and resources. This includes advocating for a system where factors of production are owned in common or by the public sector, with a focus on equality of outcome rather than generating wealth and efficiency. They propose state ownership existing alongside cooperatives, municipal ownership, and private enterprise as part of a reformed economic structure.


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